Hangzhou is the capital of Zhejiang Province, the national historical and cultural city and international tourism city, which has location advantages, abundant human resources, mature market mechanism, efficiency government service and solid industry foundation. Hangzhou is known as a paradise of living, paradise of tourism and leisure, and paradise of investment and entrepreneurship.
In 2015, the city's GDP reached 1trillion Yuan, and fiscal revenue reached more than 220 billion yuan. The per capita GDP reached more than $17000, close to the developed country level. Hangzhou is abundant with private wealth. In 2015, 55 private enterprises of Hangzhou were selected into the China Top 500 Private Enterprises list, the number of which ranked 1st among all the cities in China for 13 consecutive years.
At present, Hangzhou is promoting the economic transformation and upgrading to speed up the construction of pilot city of Beautiful China and modern international metropolis. The "number one project" focusing on the special advantages to implement with information economy development and promote intelligence applications provides favorable opportunities for entrepreneurship and innovation.
In 2015, Hangzhou has successfully built the Cross-border E-commerce Comprehensive Experimental Area and national independent innovation demonstration area. The two areas will become the great powerful engine for Hangzhou’s economic efficiency and the transformation of development.
In September 2016, Hangzhou will also hold international events such G20 Summit and B20 Summit. Hangzhou is also the host city for Asian Games in 2022. These events will bring more and more investment and business opportunities.